Penn National Gaming, Inc. (NASDAQ:PENN) has a beta value of 2.65 and has seen 11,293,030 shares traded in the last trading session. The company, currently valued at $9.62 Billion, closed the last trade at $65.54 per share which meant it gained $6.35 on the day or 10.73% during that session. The PENN stock price is -0.6% off its 52-week high price of $65.93 and 94.28% above the 52-week low of $3.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.04 Million shares traded. The 3-month trading volume is 9.52 Million shares.
The consensus among analysts is that Penn National Gaming, Inc. (PENN) is an Overweight stock at the moment, with a recommendation rating of 2.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 15 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Penn National Gaming, Inc. (NASDAQ:PENN) trade information
Sporting 10.73% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Sep 14 when the PENN stock price touched $65.93- or saw a rise of 0.6%. Year-to-date, Penn National Gaming, Inc. shares have moved 156.42%, while the 5-day performance has seen it change 21.03%. Over the past 30 days, the shares of Penn National Gaming, Inc. (NASDAQ:PENN) have changed 24.89%. Short interest in the company has seen 14.78 Million shares shorted with days to cover at 1.55.
Wall Street analysts have a consensus price target for the stock at $55.07, which means that the shares’ value could jump -15.97% from current levels. The projected low price target is $22 while the price target rests at a high of $80. In that case, then, we find that the current price level is +22.06% off the targeted high while a plunge would see the stock lose -66.43% from current levels.
Penn National Gaming, Inc. (PENN) estimates and forecasts
Figures show that Penn National Gaming, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +667.45% over the past 6 months, with this year growth rate of -1870.27%, compared to -14.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -113.2% and -88.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -34.4%.
13 analysts offering their estimates for the company have set an average revenue estimate of $967.11 Million for the current quarter. 14 have an estimated revenue figure of $1.08 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $1.35 Billion and $1.34 Billion respectively for this quarter and the next, and analysts expect sales will grow by -28.6% for the current quarter and -19.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +16.6% over the past 5 years. Earnings growth for 2020 is a modest -60% while over the next 5 years, the company’s earnings are expected to increase by 42.64%.
Penn National Gaming, Inc. (NASDAQ:PENN)’s Major holders
Insiders own 6.62% of the company shares, while shares held by institutions stand at 90.69% with a share float percentage of 97.12%. Investors are also buoyed by the number of investors in a company, with Penn National Gaming, Inc. having a total of 368 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 17.84 Million shares worth more than $544.84 Million. As of June 29, 2020, FMR, LLC held 12.96% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 15.58 Million shares as of June 29, 2020. The firm’s total holdings are worth over $475.74 Million and represent 11.32% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Baron Growth Fund and Fidelity Blue Chip Growth Fund. As of June 29, 2020, the former fund manager holds about 4.54% shares in the company for having 6250000 shares of worth $190.88 Million while later fund manager owns 3.95 Million shares of worth $120.66 Million as of June 29, 2020, which makes it owner of about 2.87% of company’s outstanding stock.